CME Group Reports Second-Highest Q3 and September ADV

Rhea-AI Summary

CME Group (NYSE:CME), the world's leading derivatives marketplace, reported strong trading volumes for Q3 2025, achieving the second-highest average daily volume (ADV) of 25.3 million contracts. September also saw robust performance with 26.1 million contracts ADV.

Notable achievements include a record quarterly cryptocurrency ADV of 340,000 contracts ($14.1 billion notional), with record volumes in both Micro Ether and Ether futures. Interest Rate products led volume with 13.4 million contracts ADV, while Equity Index products reached 6.3 million contracts ADV. International trading remained strong with 7.4 million contracts ADV.

The company's BrokerTec platform achieved a record U.S. Repo ADNV of $401 billion, marking a 31% increase. Customer collateral balances stood at $132.7 billion in cash and $153 billion in non-cash for the three months ending August 2025.

Insights

Financial Markets Analyst

CME reports robust Q3 trading volumes with significant growth in crypto and metals segments, indicating strong market activity despite challenging environment.

CME Group's Q3 2025 trading statistics reveal solid performance across multiple asset classes, with average daily volume (ADV) reaching 25.3 million contracts in Q3 and 26.1 million in September—both marking the second-highest figures on record for these periods. The most significant growth came from cryptocurrency products, which achieved a record quarterly ADV of 340,000 contracts representing approximately $14.1 billion in notional value.

Interest rate products continue to dominate CME's volume mix, comprising over 50% of total trading activity with 13.4 million contracts daily in Q3. This reflects ongoing market sensitivity to monetary policy dynamics. Particularly noteworthy was the 7% increase in U.S. Treasury options and 5% growth in 30 Day Fed Funds futures, indicating active hedging and positioning around interest rate expectations.

The metals segment showed remarkable strength, with Micro Gold futures ADV surging 125% to 255,000 contracts in Q3 and an even more impressive 214% year-over-year increase in September to 347,000 contracts. This acceleration suggests heightened interest in precious metals as inflation hedges and safe-haven assets.

Cryptocurrency trading demonstrated extraordinary momentum, with record volumes across multiple products. Micro Ether futures experienced explosive growth, increasing 472% year-over-year in September. This reflects the growing institutional adoption of cryptocurrency derivatives and CME's strengthening position in this rapidly evolving market segment.

CME's repo business also showed substantial growth, with U.S. Repo ADNV increasing 31% to a record $401 billion, underscoring the exchange's expanding footprint in fixed income markets beyond traditional futures products. Customer collateral balances remained robust at $132.7 billion in cash and $153 billion in non-cash assets, indicating strong counterparty activity.

These results demonstrate CME's continued ability to capture trading volume across diverse asset classes while building particularly strong momentum in emerging segments like cryptocurrency derivatives and expanding its fixed income product suite.

• Record quarterly cryptocurrency ADV of 340,000 contracts

CHICAGO, Oct. 2, 2025 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today reported its quarterly and monthly market statistics, with average daily volume (ADV) reaching 25.3 million contracts in Q3 and 26.1 million contracts in September, the second-highest ADV on record for both periods. Market statistics are available in greater detail at https://cmegroupinc.gcs-web.com/monthly-volume.

Q3 2025 highlights across asset classes compared to Q3 2024 include:

• Interest Rate ADV of 13.4 million contracts
  • U.S. Treasury options ADV increased 7% to 1.4 million contracts
  • 30 Day Fed Funds futures ADV increased 5% to 555,000 contracts
• Equity Index ADV of 6.3 million contracts
• Energy ADV of 2.3 million contracts
  • Henry Hub Natural Gas options ADV increased 7% to 227,000 contracts
• Agricultural ADV of 1.7 million contracts
  • Soybean Meal futures ADV increased 5% to 176,000 contracts
• Foreign Exchange ADV of 834,000 contracts
• Metals ADV of 825,000 contracts
  • Micro Gold futures ADV increased 125% to 255,000 contracts
  • Platinum futures ADV increased 22% to 38,000 contracts
• Record Cryptocurrency ADV of 340,000 contracts ($14.1 billion notional)
  • Record Micro Ether futures ADV of 209,000 contracts
  • Record Ether futures ADV of 236,000 contracts
• International ADV of 7.4 million contracts, including EMEA ADV of 5.4 million contracts APAC ADV of 1.7 million contracts and Latin America ADV of 151,000 contracts

September 2025 highlights compared to September 2024 include:

• Interest Rate ADV of 13.3 million contracts
  • U.S. Treasury options ADV increased 21% to 1.5 million contracts
  • 30 Day Fed Funds futures ADV increased 5% to 743,000 contracts
• Equity Index ADV of 7 million contracts
• Energy ADV of 2.3 million contracts
• Agricultural ADV of 1.5 million contracts
• Foreign Exchange ADV of 1.1 million contracts
• Metals ADV of 1 million contracts
  • Micro Gold futures ADV increased 214% to 347,000 contracts
• Cryptocurrency ADV of 309,000 contracts ($13.7 billion notional)
  • Micro Ether futures ADV increased 472% to 182,000 contracts
  • Micro Bitcoin futures ADV increased 50% to 62,000 contracts
• Micro Products ADV
  • Micro E-mini Equity Index futures and options ADV of 2.6 million contracts represented 36% of overall Equity Index ADV and Micro WTI Crude Oil futures accounted for 2.2% of overall Energy ADV
• BrokerTec U.S. Repo average daily notional value (ADNV) increased 31% to a record $401 billion and European Repo ADNV increased 4% to €298 billion
• Customer average collateral balances to meet performance bond requirements for rolling 3-months ending August 2025 were $132.7 billion for cash collateral and $153 billion for non-cash collateral

As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals.  The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform.  In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. 

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners. 

CME-G

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SOURCE CME Group

FAQ

What was CME Group's average daily trading volume in Q3 2025?

CME Group reported an ADV of 25.3 million contracts in Q3 2025, representing the second-highest Q3 volume on record.

How did CME Group's cryptocurrency trading perform in Q3 2025?

CME Group achieved a record quarterly cryptocurrency ADV of 340,000 contracts ($14.1 billion notional), with record volumes in both Micro Ether and Ether futures.

What was CME Group's BrokerTec U.S. Repo performance in Q3 2025?

BrokerTec U.S. Repo achieved a record average daily notional value of $401 billion, representing a 31% increase.

How much customer collateral did CME Group hold in Q3 2025?

CME Group held $132.7 billion in cash collateral and $153 billion in non-cash collateral for the three-month period ending August 2025.

What was CME Group's Interest Rate products trading volume in Q3 2025?

CME Group's Interest Rate products achieved an ADV of 13.4 million contracts, with U.S. Treasury options ADV increasing 7% to 1.4 million contracts.